LODE PROJECT

Silver/Gold Backed Crypto


 

By no means, I am not a good story teller, nor claim to know anything about cryptocurrency and will not give no individual financial advice. 

I will, however, tell you about a project that has been in the works for a few years called Lode.

Let's get to it.

There are 3 types of coins. AGX Coin, AUX Coin and Lode Token

AGX and AUX Coin are silver/gold backed stablecoin that could very well compete with your bank and will allow you to hodl your hard earned cash in a crypto wallet in digital silver form.

Each of these Coins "represents one gram of vaulted, audited, insured, and verifiable silver bullion."

So 1 AGX Coin = 1g silver bullion. 

Lode Tokens are digital receipts for silver that has been contributed to the LODE silver reserves. Those who contributed or vaulted their silver with Lode would receive micro-payouts of minted AGX Coins for participating in the community of holders.

In my opinion, this is a true peer to peer system. 

Their app has a built in debit card so that you can purchase products and services online. Which, as of right now, I am not aware of any other wallet that'll allow you to switch your coins into cash to pay for these products and services. 

The two main coins just recently got listed on Hotbit so things are set in motion for the Lode Project this year.

The wallet does allow you to hold ETH in it but at the current moment you are only allowed to receive or send Ethereum.

Pretty neat stuff. 

Keeping Hodling your Silver and Crypto kids 🦍🥈🦍

If you like this project, please help me help you by using my referral link here: https://members.lode.one/register/joinwith/3606720048/link

*for more information please visit Lode.one and take a look at their F.A.Q section here

*Thumbnail is owned by Lode.. it is a good picture. 

How do you rate this article?

2


Spirited Chipmunk
Spirited Chipmunk

Silver/Gold Backed Crypto advocate, Meme Coin searcher, Shiney precious metal lover, and a Husband and Father.


Silver/ Gold News and Crypto Happenings
Silver/ Gold News and Crypto Happenings

🦍Precious Metal Advocacy 💰Crypto Findings

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.